The Dax started the trading day on Tuesday with a slight loss. By 9:35 am, the leading index was calculated at around 20,330 points, 0.1% below the previous day’s closing level. Qiagen, Sartorius, and Commerzbank were at the top of the price list, while Siemens Energy, BASF, and Allianz were at the bottom.
The Dax’s winning streak was broken the previous day, after seven consecutive positive days. “Considering a year-to-date gain of over 20%, profit-taking is by no means a surprise” said Thomas Altmann from QC Partners. “Some are now starting to secure their excellent year-end result by taking profits and adjusting their positions.”
The European common currency was slightly weaker in the morning: one euro cost 1.0544 US dollars, and one dollar was worth 0.9484 euros.
Meanwhile, the oil price had a slight decline: a barrel of the North Sea’s Brent variety cost around $72.09 by 9 am German time, which is 5 cents or 0.1% less than the previous trading day’s close.